Nypro announced a four-company joint venture to produce a reusable bottle for multiple consumer products that promises to save 90% in plastics, oil and CO2 emissions. In making the announcement, Nypro said that the reusable bottling system is designed to "revolutionize" the way consumers purchase and use liquid-based products for household use or personal consumption.
Replenish Bottling Company Inc., Nypro, and Radius Product Development will all participate in the joint venture to provide reusable plastic-bottle manufacturing solutions to companies needing containers for their liquid consumer products. Virtually all major consumer companies today are looking for container solutions that reduce their impact on the environment without compromising quality of the user experience, or adversely impacting prices. Eastman Chemical Co. also plays a key role by supplying specialty materials to the joint venture....